When the acronym BRIC was coined in 2001, Brazil, Russia, India and China were just entering periods of significant growth and prosperity. When South Africa joined in 2010 to form the group BRICS, the world economy was in crisis, but these emerging markets were still doing well.

CCTV’s Paulo Cabral reports.

BRICS countries facing economic crisis

When the acronym BRIC was coined in 2001, Brazil, Russia, India and China were just entering periods of significant growth and prosperity. When South Africa joined in 2010 to form the group BRICS, the world economy was in crisis, but these emerging markets were still doing well. CCTV's Paulo Cabral reports.

Follow Paulo Cabral on Twitter @paulonumundo

Jim O’Neill on BRICS economies
CCTV spoke to Jim O’Neill, economist who coined the BRICS phrase.

Jim O\'Neill on BRICS economies

CCTV spoke to Jim O'Neill, economist who coined the BRICS phrase.

BRICS Summit 2015, President Xi stressed importance of emerging economies

China’s President Xi Jinping is in the Russian city of Ufa. That’s where BRICS countries and members of the Shanghai Cooperation Organization are holding a number of meetings. It’…